20015 Is DC’s Least Affordable Zip Code

Posted by Mark Washburn on Monday, April 21st, 2014 at 6:47am.



A new map by Zillow was released last week to much fanfare across DC, calculating housing affordability based on a monthly payment of $2,000, or 18 percent of a buyer’s monthly income, assuming a $500,000 home purchase price.  The color-coded map from dark red to dark green revealed the 20015 zip code as the least affordable, which includes the pricey DC neighborhoods of Chevy Chase DC and Friendship Heights.  After 20015, the 20003 zip code for the Capitol Hill neighborhood comes in 2nd, and the 20007 zip code for the neighborhoods in Georgetown, Glover Park, Foxhall, and Massachusetts Avenue Heights comes in at #3.  Longtime DC residents would not be surprised by these findings.

The map reveals DC’s eastern neighborhoods (NE) as most affordable and the western neighborhoods (NW) as least affordable.  At Zillow, affordability is measured by how much of a person’s monthly income is spent on a mortgage payment.  With a combination of rising home prices and mortgage rates, the median household in DC spends 22% of their income to afford the mortgage payments on the median home.

In 2013, the median household income was $91,689 in DC.  The typical DC homebuyer spent $1,357 each month on mortgage payments for homes, not condos, assuming a 20% down payment on a median home valued at $343,600 on a 30-year fixed mortgage with a 4.3% interest rate.

20015 Real Estate For Sale:

33 Properties Found. Page 1 of 3

Welcome Home To Your Newly Remodeled Luxury Est...

Photo of Listing #DCDC431240

$2,400,000 Active

  • 5 Beds
  • Baths
  • 0.12 Acres
  • 5,800 ft²

Residential

5706 Nevada Ave Nw, Washington, DC

MLS® #DCDC431240

Welcome Home To Your Newly Remodeled Luxury Estate. With Its Superior Addition, This 5bd/4.5ba Home Features Over 6,000 Sq. Ft. Of Immaculate Living Space, With A Quaint Patio And Two Spacious Decks. As You Enter Through Your Grand Front Door, You Walk Into...

New Construction Developed By Alex Boyar Of Ab ...

Photo of Listing #DCDC422992

$2,350,000 Active

  • 6 Beds
  • Baths
  • 0.11 Acres
  • 5,801 ft²

Residential

2939 Stephenson Pl Nw, Washington, DC

MLS® #DCDC422992

New Construction Developed By Alex Boyar Of Ab Urban -- All The Style And Character Of 1920~s Chevy Chase Perfectly Paired With Modern Design. True 10 Foot Ceilings On The First Floor, Oversized Windows And A South Western Exposure Are A Formula For An Int...

Open House Sunday 1-4pm! Francis Development Ha...

NEW Photo of Listing #DCDC431742

$2,195,000 Active

  • 6 Beds
  • Baths
  • 0.15 Acres
  • 5,905 ft²

Residential

6427 Barnaby St Nw, Washington, DC

MLS® #DCDC431742

Open House Sunday 1-4pm! Francis Development Has Created One Of The Most Captivating Homes To Come On The Market In Chevy Chase This Year. 6 Bedrooms/5.5 Baths Including An Additional Flexible Room And Nearly 6,000 Square Feet. The Finishes Are The Highest ...

Spectacular 2500+ Sq Ft Duplex Penthouse Exquis...

Photo of Listing #1001411500

$1,999,000 Active

  • 4 Beds
  • 4 Baths
  • 2,500 ft²

Residential

4301 Military Rd Nw #ph8, Washington, DC

MLS® #1001411500

Spectacular 2500+ Sq Ft Duplex Penthouse Exquisitely Re-designed & Renovated. 4 Bdrm + Den, 4 Full Bath - 2 Levels, 250+ Sq Ft Rooftop Terrace Overlooking Va Skyline. Top End Chefs Kitchen, Designer Marble Flrs, Divine Master Suite, Upper Lvl Family Rm W/ E...

Total Transformation! Complete Renovation And E...

NEW Photo of Listing #DCDC431766

$1,995,000 Active

  • 5 Beds
  • Baths
  • 0.12 Acres
  • 3,795 ft²

Residential

3803 Ingomar St Nw, Washington, DC

MLS® #DCDC431766

Total Transformation! Complete Renovation And Expansion With An Open Concept Floor Plan For Contemporary Living, All New Systems, And Luxurious Finishes Throughout Provides 3,795 Finished Square Feet Of Living Space. Prime Location In Chevy Chase, Dc, Less ...

Outstanding 3-year Old Semi-detached Home Built...

REDUCED 2% Photo of Listing #DCDC420526

$1,949,000 Active

  • 5 Beds
  • Baths
  • 0.07 Acres
  • 3,961 ft²

Residential

3823 Morrison St Nw, Washington, DC

MLS® #DCDC420526

Outstanding 3-year Old Semi-detached Home Built By Zuckerman Partners With Architecture By Award-winning Barnes Vanze And Interior Selections By Renowned Noami Devore. Four Finished Levels Feature High Ceilings, Custom Millwork Including 2 Exquisite Full Wa...

Don't Miss This Opportunity To See Many New Imp...

Photo of Listing #DCDC419764

$1,749,000 Active

  • 6 Beds
  • 4 Baths
  • 0.14 Acres
  • 4,776 ft²

Residential

3140 Aberfoyle Pl Nw, Washington, DC

MLS® #DCDC419764

Don't Miss This Opportunity To See Many New Improvements! Must See Over 5,000 Sf. Kitchen And Master Bath Renovation In 2017. Rarely Found 5 Bedrooms Plus Up, 3.55 Baths With Large Open Floor Plan. Newly Painted W/new Upper Level 2 Carpet And Stairs. Abunda...

Captivating Home Perfectly Nestled On Large Cor...

Photo of Listing #DCDC425012

$1,695,000 Active

  • 5 Beds
  • 4 Baths
  • 0.18 Acres
  • 2,610 ft²

Residential

3911 Livingston St Nw, Washington, DC

MLS® #DCDC425012

Captivating Home Perfectly Nestled On Large Corner Lot In A Prime Chevy Chase Location! A Spectacular Offering In The Heart Of It All, Some Of The Many Features And Amenities Include: Four Levels * Five Bedrooms, Three Full Bathrooms & Two Half Bathrooms *...

On A Quiet Street In Chevy Chase This Classic 1...

NEW Photo of Listing #DCDC432250

$1,675,000 Active

  • 5 Beds
  • Baths
  • 0.12 Acres
  • 3,400 ft²

Residential

3815 Kanawha St Nw, Washington, DC

MLS® #DCDC432250

On A Quiet Street In Chevy Chase This Classic 1914 Home Was Built To Perfection, A Father~s Wedding Gift For His Daughter. Exposed Chestnut Trim And Columns Complement Mahogany Inlaid Chestnut And Heartwood Pine Floors. The Full-length Front Porch Overlooks...

Welcome Home To This Brick Georgian Colonial On...

NEW Photo of Listing #DCDC428768

$1,545,000 Active

  • 5 Beds
  • Baths
  • 0.12 Acres
  • 3,700 ft²

Residential

3904 Jocelyn St Nw, Washington, DC

MLS® #DCDC428768

Welcome Home To This Brick Georgian Colonial On A Quiet Block Yet Minutes To The Hustle And Bustle Of Friendship Heights-metro, Shops, Restaurants! From The Welcoming Front Porch, Step Inside The Wide Entry Foyer To Find High Ceilings And Gorgeous Brazilian...

Surprise, This Home Comes With Not One But 3 Lo...

Photo of Listing #DCDC403632

$1,250,000 Active

  • 5 Beds
  • 4 Baths
  • 0.16 Acres
  • 2,476 ft²

Residential

3831 Military Rd Nw, Washington, DC

MLS® #DCDC403632

Surprise, This Home Comes With Not One But 3 Lots Totaling 0.16 Acres In Chevy Chase! This Improved Sfh Boasts Of 3 Finished Levels. It Begins With A Welcoming Living Room, A Wood-burning Fireplace, Hardwoods That Wrap Around Most Of The Main Level, A Main ...

Open House June 29, 1-3 P.m. 3 Level Cape Cod S...

Photo of Listing #DCDC428646

$1,199,900 Active

  • 3 Beds
  • 2 Baths
  • 0.15 Acres
  • 2,530 ft²

Residential

3051 Harrison St Nw, Washington, DC

MLS® #DCDC428646

Open House June 29, 1-3 P.m. 3 Level Cape Cod Style Home. Fully Updated With Huge Windows On The Main Level. Bosch Black Glass & Stainless Steel Appliances With 5 Burner Stove. Located At The End Of A Cul-de-sac And Surrounded By 35+ Acres Of Park Land O...

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